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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: jackhach who wrote (508914)	12/13/2003 4:29:52 PM
From: Peter O'Brien	Respond to of 769670

Unlike you, I don't depend on "the market" to be a successful investor. I could care less who is president from an investment perspective. The only reason why I like Republicans is that they tax my gains less than Democrats do. Similary, unlike you, I also don't depend on some politician for defining my job prospects. I work hard at my career, and I am competitive in the job market regardless of who is president. Again, I like Republicans more only because they tax my earnings less than Democrats do. Yes the NASDAQ ran up an unprecedented amount during Clinton's term. It also suffered a crash of historic proportions during the end of his term. IMO, to any intelligent investor, this would suggest that the initial run-up was not really justified. It was based on mass hysteria. So, yes, Clinton deserves credit for whipping up mass hysteria among nearly an entire generation of unsophisticated baby-boomer "investors"... Yes, they were convinced that Clinton and Rubin were micro-managing things perfectly and that their 401K's were destined to rise 30% annually forever. What an achievement!